The Parol Evidence Rule Does Not Prohibit Proof That

question 24

Multiple Choice

The parol evidence rule does not prohibit proof that:

• A) the contract was thereafter modified.
• B) conduct exists that violates the law.
• C) the written contract is not a binding agreement.
• D) all of the above.

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Definitions:

Startup Businesses

Newly established enterprises in the early stages of operation, typically focused on unique product or service offerings.

Cosign

To sign jointly with another or others, especially to share responsibility for a loan or lease.

Debt

An amount of money borrowed by one party from another, often with the agreement that it will be paid back with interest.

Equity

Ownership interest in an asset after deducting all debts associated with that asset, highlighting a financial stake in a company or property.